Matrixport, a crypto financial services firm founded by Jihan Wu, former CEO of Bitmain has recently shared a summary that delves into its forecast for Bitcoin, predicting a significant surge in its price. Founded in 2019, Matrixport has been closely monitoring Bitcoin’s market dynamics and trends. Their recent analysis suggests a robust future for Bitcoin, particularly noting its potential to break the $50,000 barrier by 2024. Related Reading: Eyes On $50,000: Bitcoin Poised For Major Rally Amid Spot ETF Optimism – Analyst Spot ETF Approval Could Catapult Bitcoin Above $50,000 Matrixport bases its optimistic forecast on the anticipated approval of Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC) in January. This crucial regulatory nod is seen as a pivotal factor that could propel Bitcoin’s price to soar above $50,000. The summary draws a parallel to a previous significant moment in Bitcoin’s history – the launch of Bitcoin futures by the CME Group and CBOE in December 2017. That event marked a notable spike in Bitcoin’s price, pushing it to reach $20,000 for the first time. Matrixport expected the SEC to appro ..
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